Mobile Finance

Algeria’s Djezzy closer to providing payment services

Algeria’s Monetary and Banking Council said last week that it had decided to authorise Djezzy Payment Services, a subsidiary of operator Djezzy, which had an estimated 18.1 million subscribers at the end of June 2026, to become a Payment Service Provider (PSP).

The process is far from complete, however. The announcement says the authorisation will be followed by an application for approval to be submitted to the Bank of Algeria no later than 12 months from the date of notification of the decision to authorise incorporation. The licensing process will determine the scope of the company’s services and the terms of its launch.

It seems, however, that the authorisation does allow Djezzy’s subsidiary to enter Algeria’s new regulatory framework for payment service providers. Algeria’s 2023 Monetary and Banking Law introduced the status of payment service provider. The Bank of Algeria established the requirements for incorporation, licensing and operations in April 2025.

Licensed companies can offer payment accounts, execute payments and money transfers, and provide merchant payment services, a major expansion of Djezzy’s present operations.

As the Ecofin news agency points out, Djezzy is entering a rapidly growing market. It says the number of merchants accepting online payments exceeded 1,000 at the end of June 2026, compared with 644 a year earlier. Consumers apparently completed 15.43 million online transactions during the first six months of the year, up 52% year on year.

And as is the case just about everywhere else, electronic payments are growing in popularity. Consumers made more than eight million payments through electronic payment terminals during the first half of 2026, an 81% increase from a year earlier.



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